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Which among the following is considered as a primary function of Commercial Banks ?

AProviding Investment Advice

BAdvancing Loans

CIssuing Credit Ratings

DOffering Insurance Services

Answer:

B. Advancing Loans

Read Explanation:

FUNCTIONS OF COMMERCIAL BANKS

Functions of Commercial Banks are broadly classified into two. 

  1. Primary Functions 

  2. Secondary Functions 

Primary Functions

  • Accepting Deposits 

  • Advancing Loans 

Secondary Functions

  • Agency Services 

  • General utility Services 


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